Cresco Labs (OTC: CRLBF) posted strong sales growth in its first-quarter results announced in late May. This growth wasn't the only notable thing about the company's Q1 update, though. Cresco also reported its results using U.S. generally accepted accounting principles (GAAP) for the first time. In this Motley Fool Live video recorded on June 11, healthcare and cannabis bureau editor and analyst Olivia Zitkus and Motley Fool contributor Keith Speights discuss why it's a big deal for Cresco to switch to reporting its results using GAAP standards.
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting